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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Comment by Dirksidetrackon Feb 19, 2022 5:15am
157 Views
Post# 34444453

RE:RE:Re WCP

RE:RE:Re WCPWCP, Sad to see you go. I really enjoyed your posts. Another point of view now silent. I love the movie "A Beautiful Mind" which was about John Nash, mathematician and winner of the Nobel Prize for his work on game theory, specifically Nash Equilibriums.

The idea is that in any game, each participant acts in their best self interest in order to maximize their gain, usually at the expense of other participants. So you'll end up with a system with few winners and many losers because the most clever will win.

Such a system is inherently unstable, whether it be a marriage, partnership, country, trade deal etc. The tension created between winners and losers will ultimately destroy the system.

The most stable systems are those where each participant works cooperatively with other participants because it's in their best self interest to do so because the gain in system stability is greater than anything a participant would have to give up to acheive stability. This implies that no participant gets all that they want. They have to give up something in order to create as many winners as possible.

So I was trying to square the above with your comments. You obviously do feel that De Alba is trying to create as many winners as possible. In fact, you stated that you've already won.

I don't quite understand what problem you have with him. You feel that he is favouring some participants over others? All systems do that though. Look at any government. But as long as most participants win something, then the system will be stable.

I don't know how you don't favour some participants over others in this game of financial markets and shareholders. Some participants get preferencial treatment or there wouldn't exist such things as preferred shares, warrants, options.

Yet, except for the shorts, it's in everybody's best self interest that the sp goes up. De Alba has done a pretty good job of making that happen. Could he do more? Yeah I suppose so but as you point out, he's spread pretty thin right now with his many other obligations. Maybe it's time for just one oyl CEO. Things are gonna get very busy soon. Port, Corentyne etc. I don't know how one person can handle that plus Colombia, Peru and all of the other stuff.

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